Revenue: Down 19% to $479.1 million for year ended June 30, 2024.
Profit: Down 85% to $2.6m.
Main takeaway: CEO Mark Malpass is optimistic about an increase in activity over the next year, following a noticeable downturn.
Steel & Tube chief executive Mark Malpass says manufacturing clients he has spoken to in the past few weeks are seeing an increase in quoting for jobs they’re bidding for, and that, combined with new infrastructure announced by the Government, gives him confidence of better metrics in calendar
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